Airline Economics: An Introductory Survey

23 Pages Posted: 6 Sep 2017

See all articles by Anming Zhang

Anming Zhang

University of British Columbia (UBC) - Sauder School of Business

Yahua Zhang

University of Southern Queensland

Date Written: August 31, 2017

Abstract

This paper has surveyed the topics in the field of airline economics, including areas such as airline costs and production, airline demand and revenue management, airline financial issues, and airline profitability. The debates in these areas are explored from an economic perspective to help readers understand contemporary economic issues and challenges facing the airline industry, and to provide the airline management with an economic way of thinking in dealing with these issues. This paper also aims to serve a purpose for air transport researchers to consider some under-researched areas where definitive answers to some interesting issues are still lacking. These include, among others, effective ways of reducing fuel cost risks such as fuel hedging and the adoption of new technologies, development of non-price competition strategies that can be used by airlines to differentiate their products, establishing new marketing strategies, and redesigning airline networks when surface transportation modes (e.g., high-speed rail) become a threat.

Suggested Citation

Zhang, Anming and Zhang, Yahua, Airline Economics: An Introductory Survey (August 31, 2017). Available at SSRN: https://ssrn.com/abstract=3030474 or http://dx.doi.org/10.2139/ssrn.3030474

Anming Zhang (Contact Author)

University of British Columbia (UBC) - Sauder School of Business ( email )

2053 Main Mall
Vancouver, BC V6T 1Z2
Canada

Yahua Zhang

University of Southern Queensland ( email )

P.O.Box 238 Darling Heights
Toowoomba, Queensland 4350
Australia

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